Signaturit Group, a leading European provider of secure digital transaction solutions, has announced plans to acquire Validated ID, a Barcelona-based digital identity and electronic signature solutions provider. The acquisition aims to strengthen Signaturit’s position in the European digital trust market, which has seen significant growth following the implementation of the EU Digital Identity Regulation.
Validated ID, founded in 2012, is recognized as the first Qualified Trust Service Provider prepared for eIDAS2, the European Union’s enhanced framework for electronic identification and trust services. The company has been instrumental in shaping the EU’s adoption of decentralized identities and digital wallets as the standard model for digital identity across Europe, particularly as the EU prepares to roll out its Digital Identity Wallet initiative.
The combined entity will manage over 150 million yearly transactions for more than 100,000 accounts. Signaturit Group’s platform currently provides digital identity management, KYC services, electronic signatures, and legal preservation, using AI-powered technologies to automate manual processes and enhance security. The integration comes at a time when demand for digital KYC solutions is expected to triple in the coming years.
“The acquisition of Validated ID represents a pivotal step in our ambition to lead the European digital identity market. By integrating their advanced eIDAS 2-compliant solutions, we are well-positioned to provide secure, seamless and compliant digital trust services,” said Pierre Feligioni, CEO of Signaturit Group.
“Joining Signaturit Group is an exciting milestone for Validated ID,” said Santi Casas, Validated ID CEO. “Together, our solutions complement and strengthen Signaturit’s comprehensive offering.”
The acquisition will expand Signaturit’s partner ecosystem, building on Validated ID’s existing relationships with major technology companies including SAP, Salesforce, and Microsoft, as well as over 150 integration partners across Europe. The expansion comes as the EU continues to strengthen its digital identity infrastructure, with ENISA developing new cybersecurity certifications for digital identity wallets.
Following the transaction, Signaturit is projected to achieve approximately €70 million in annual recurring revenue, with aims to reach the €100 million milestone. The company is backed by PSG Equity, which invested in Signaturit in 2020.
The transaction remains subject to regulatory approvals.
Sources: Business Wire, Silicon Canals, Clutch, Silicon Canals
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